Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

Which is the best pension plan available for an individual? How much do i have to pay for a span of 20 yrs in order to get a pension of Rs 15000 - 20000 per month? planning to retire at the age of 45 yrs.. my present age is 25.

Asked by Brijesh Gopinathan, 13 Feb '09 06:57 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (2)

1.

Lets hope the best
Answered by Anand Agarwal, 08 Jun '09 11:30 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Dear brijesh Gopinathan,

REAL VALUE of Rs.20000 will be INSIGNIFICANT after 20 Years. You should Plan for at Least Rs.50000 P.M. or More.

Start Investing Rs.5000 per Month ( in 5 Equity Mutual Funds by SIP of Rs.1000 P.M. in EACH FUND ) on Different Dates.

If your Money GROWS at 12% per year, VALUE of Your Funds after 20 years will be OVER Rs. 48 Lacs.

If your Money GROWS at 15 % per year, VALUE of Your Funds after 20 years will be OVER Rs. 70 Lacs.
...more
Answered by prakash sharma, 14 Feb '09 04:59 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

Really? And just WHO is saying this? Any WHY would you believe them? I am sixty-one, going on sixty-two, retired with a modest pension from military s..more

Answered by Mickey